Wall Street Zen Upgrades EOG Resources (NYSE:EOG) to "Buy"

Key Points

• Wall Street Zen upgraded EOG Resources from “hold” to “buy,” adding to a generally bullish analyst backdrop for the stock.
• Several other brokerages have recently raised their price targets on EOG, and MarketBeat says the stock currently has a Moderate Buy consensus with an average target price of $154.59.
• EOG’s latest quarterly results beat expectations, with EPS of $3.41 and revenue of $6.92 billion, while revenue rose 22.1% year over year.

EOG Resources (NYSE:EOG - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

A number of other brokerages have also commented on EOG. Royal Bank Of Canada boosted their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 8th. Raymond James Financial boosted their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the stock a "strong-buy" rating in a research report on Friday, March 27th. Wells Fargo & Company boosted their price objective on shares of EOG Resources from $155.00 to $199.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 8th. Jefferies Financial Group boosted their price objective on shares of EOG Resources from $146.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, April 13th. Finally, Scotiabank boosted their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.59.

EOG Resources Stock Performance

Shares of EOG stock opened at $129.92 on Friday. The company's fifty day simple moving average is $135.67 and its 200-day simple moving average is $118.32. The company has a quick ratio of 1.42, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm has a market cap of $69.20 billion, a PE ratio of 12.79, a P/E/G ratio of 1.62 and a beta of 0.27. EOG Resources has a 12 month low of $101.59 and a 12 month high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm's revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.87 earnings per share. Equities research analysts expect that EOG Resources will post 14.81 EPS for the current fiscal year.

Insider Buying and Selling at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 18,230 shares of company stock worth $2,522,568. Corporate insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On EOG Resources

Several institutional investors and hedge funds have recently bought and sold shares of EOG. Capital World Investors raised its holdings in EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company's stock valued at $6,156,495,000 after buying an additional 782,426 shares during the last quarter. Vanguard Group Inc. raised its holdings in EOG Resources by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company's stock valued at $5,651,172,000 after buying an additional 446,341 shares during the last quarter. State Street Corp raised its holdings in EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company's stock valued at $3,209,365,000 after buying an additional 100,080 shares during the last quarter. Capital Research Global Investors raised its holdings in EOG Resources by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company's stock valued at $2,794,784,000 after buying an additional 122,486 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company's stock valued at $2,099,028,000 after buying an additional 371,548 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Trending Headlines about EOG Resources

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: DA Davidson raised its price target on EOG Resources to $153 and reiterated a buy rating, signaling confidence in the company’s upside potential. EOG Resources NYSE: EOG Given New $153.00 Price Target at DA Davidson
• Positive Sentiment: JPMorgan and Truist both lifted their price targets on EOG, with JPMorgan increasing its target to $148 and Truist to $149, reflecting continued analyst optimism even though Truist kept a hold rating. JPMorgan adjusts price target on EOG Resources to 148 from 145 EOG Resources price target raised by Truist Financial Corporation
• Positive Sentiment: EOG reported better-than-expected first-quarter earnings and revenue, driven by strong output growth, and highlighted $1.49 billion in free cash flow along with dividends, buybacks, and a liquids-focused outlook. EOG Q1 Earnings & Revenues Beat Estimates on Strong Output Growth
• Neutral Sentiment: Some firms were more cautious: Stephens trimmed its target slightly to $167, and Scotiabank maintained a hold rating, while another note flagged rising 2026 capex as a potential free-cash-flow risk. Stephens adjusts price target on EOG Resources to 167 from 170 Scotiabank Keeps Their Hold Rating on EOG Resources EOG Resources’ Rising Capex in 2026 Raises Free Cash Flow and Shareholder Return Risks
• Positive Sentiment: Additional commentary around EOG’s 2026 plan for $8.5 billion in free cash flow and at least 70% shareholder returns has also reinforced the bullish backdrop for the stock. EOG outlines 2026 plan for $8.5B free cash flow while targeting at least 70 percent returns

EOG Resources Company Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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